facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

1914 East Sunrise Boulevard...

Jaime Sturgis & Alex Jones Acquire Retail Property On E Sunrise Blvd In Fort Lauderdale For $2.47M
SOLDRetail

Jaime Sturgis & Alex Jones Acquire Retail Property On E Sunrise Blvd In Fort Lauderdale For $2.47M

1914 East Sunrise Boulevard, Fort Lauderdale, Florida 33304, United States

$2,469,770

$292/SF

Building Size

8,434 SF

Asset Type

Retail

Closing

Jan 18, 2022

AI

A retail property located at 1900-1914 E Sunrise Blvd in Fort Lauderdale, FL has been sold for a price of $2,469,770. The property spans a total area of 8,434 square feet, resulting in a price per square foot of $292.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,469,770
  • Address: 1900-1914 E Sunrise Blvd, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL
  • Buyer: Jaime Sturgis & Alex Jones
  • Seller: Michael P Korotkin & Mark Sherman & Lillian Horowitz
  • Square Footage: 8,434
  • Price per Square Foot: $292

Jaime Sturgis and Alex Jones were the buyers in this transaction, while Michael P Korotkin, Mark Sherman, and Lillian Horowitz were the sellers.

Players

Jaime Sturgis

Buyer

$243M

vol

48 deals

Buyer

Mark Sherman

Seller

$35M

vol

2 deals

Seller

Fort Lauderdale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.42%

Cash-on-Cash

-1.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93